A Look At The Performance of India-Singapore Market Between April-June 2023

By Singh, Published on September 8th, 2023 in Blog, News

With over 17 non-stop scheduled routes between India & Singapore in Q2-2023, about 12,64,000 passengers travelled non-stop between the two countries during the quarter.

In terms of non-stop traffic, Chennai was the busiest market with about 217,237 passengers, followed by Delhi with 207,916 and Mumbai with 196,160.

A quick analysis of this market during the quarter reveals that on the top 10 routes in terms of non-stop traffic, none of Indian carriers had monopoly, whereas the SIA Group lead on 4 markets in the same with full-monopoly, including, Hyderabad, Cochin, Amritsar and Trivandrum.

Pune, Madurai and Bhubaneshwar were the only monopoly routes to Singapore for the Indian carriers, Vistara, operating from Pune, Air India Express from Madurai, and IndiGo from Bhubaneshwar.

But how did these exclusive routes by both SIA Group Airlines and the Indian carriers performed during the quarter?

Here is a quick analysis of these exclusive routes in terms of average passenger load factor (PLF) between April-June 2023:

• The Singapore-Trivandrum route was the top performer in terms of average Passenger Load Factor (PLF), achieving an impressive average PLF of approximately 93.07% during the quarter.
• Following closely, the Coimbatore-Singapore route achieved an average PLF of 91.25%, while the Visakhapatnam-Singapore route recorded an average PLF of about 86.44%.
• The Ahmedabad-Singapore route secured the 4th spot with an average PLF of 85.88%, while the Amritsar-Singapore route also followed closely with an average PLF of approximately 84.40%.
• The Cochin-Singapore route took the 6th spot with an average PLF of 80.81%, operated exclusively by Singapore Airlines.

Notably, all the above routes except Ahmedabad and Cochin are exclusively operated by Scoot only.

The average passenger load factor for Hyderabad, which is also exclusively operated by both Singapore Airlines & Scoot could not be calculated accurately.

Overall, Singapore Airlines Group achieved an average passenger load factor of approximately 86.98% on its exclusive routes to India during the quarter serving over 306,401 passengers on these exclusive routes including Hyderabad.

It is important to note that a significant proportion of this traffic also includes the transit-passengers on the group’s network via Singapore.

• The Pune-Singapore route achieved an average PLF of 80.67%, trailed by Madurai-Singapore and Bhubaneshwar-Singapore routes with average PLF at 76.42% and 74.39% respectively during the quarter.

Overall, the Indian carriers experienced an average passenger load factor of just over 77.16% on the exclusive routes to Singapore, serving over 37,270 passengers on these routes during the quarter.

Note: All the above figures are approximate and may contain certain inaccuracies.

Data Source: DGCA, FR24